Approval given for new Airbus jet

Shareholders in Airbus SAS have approved the launch of a new A350 passenger jet to rival Boeing’s 7E7, a spokesman for Airbus parent EADS said.

“EADS and British Aerospace Systems have given the go-ahead for Airbus to offer a new member of its wide-body family to airlines around the world,” said Patrice Kreis, spokesperson for European Aeronautic Defence & Space.